Public money being stolen through 80-90% haircuts in NCLT resolution cases: Harsh Goenka

His comments come in the backdrop of some insolvency cases being approved recently by the NCLT where creditors took heavy haircuts on their loans such as in the case of Videocon Industries where creditors will be taking nearly 96 per cent haircut on their loans and the bidder is "paying almost nothing".

from Markets-Economic Times https://ift.tt/3j50ncD